REDUCED: Multi-Location Dry Cleaning Plant with Drop Centers

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Asking Price:
$417,600

Gross Revenue:
$750,000
Cash Flow:
$147,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$17,600
included in asking price

FF&E:
$350,000
included in asking price

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Business Description

This established, non-franchise dry cleaner opened more nearly four decades ago to service the Triangle community and have grown it into the multi-location center that it is today.

By owning the dry cleaning plant, the business is able to control costs through insourcing the cleaning services. The business takes in garments at the plant as well as six other drop centers across Raleigh, Chapel Hill, Cary, and Durham, transports them via a company owned & lettered vehicle. The company also offers a variety of garment services including dry cleaning, spot removal, alterations, and leather/suede repair. With the exception of the leather/suede & shoe repair, almost all of the labor is completed by staff members.

- Premium locations across the Triangle.
- Includes a dry-cleaning plant and service van for transportation of garments between facilities.
- A dozen employees with a long work histories.
- Long history in the Triangle; nearly four decades!

Room for growth with capacity to add commercial accounts.

Note: $17,600 in "inventory" is the accounts receivable of cleaned garments at seven locations that have been serviced and are ready for pickup. Sale price includes this "inventory."

About the Business

Year Established:
1982
Number of Employees:
12
Real Estate:
Leased
Building Sq. Ft.:
12,500
Rent:
$20,000.00 Per Month
Facilities:
Seven Drop Centers at approximately 1,200 sq/feet positioned strategically around the Triangle including one 6,000 sq/foot dry cleaning plant with counter for service. All locations are in premium retail locations with excellent parking access.
Growth & Expansion:
Plenty of capacity for growth through commercial accounts and advertising.
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About the Sale

Reason For Selling:
Retirement and Relocation
Training/Support:
Two Weeks included in sales price.
Seller Financing:
Seller will consider Seller Financing for Qualified Buyers

Listing Info

ID:
1598431
Ad Detail Views:
0

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Business Listed by

Neal Isaacs, MBA, CBI

VR Business Brokers - Raleigh

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Certifications:
U.S. Census Data for Durham County, NC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Durham County, NC
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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